Net Income (Loss) Available to Common Unitholders Per Unit of the Operating Partnership (Tables)

3 Months Ended

Mar. 31, 2026

Net Income Available To Common Unitholders [Line Items]

Schedule of Net Income Available to Common Stockholders

The following table reconciles the numerator and denominator in computing the Company’s basic and diluted per-share computations for net income available to common stockholders:


	Three Months Ended March 31,
	2026		2025
	(in thousands, except share and per share amounts)
Numerator:
Net (loss) income available to common stockholders	$	(19,267)	$	39,008

Allocation to participating securities (1)	53		(212)
Numerator for basic and diluted net (loss) income available to common stockholders	$	(19,214)	$	38,796
Denominator:
Basic weighted average vested shares outstanding	117,636,517		118,194,588
Effect of dilutive securities	—		469,842
Diluted weighted average vested shares and common stock equivalents outstanding	117,636,517		118,664,430
Basic earnings per share:
Net (loss) income available to common stockholders per share	$	(0.16)	$	0.33
Diluted earnings per share:
Net (loss) income available to common stockholders per share	$	(0.16)	$	0.33

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(1)Participating securities include certain vested time-based RSUs and performance-based RSUs.

Kilroy Realty L.P.

Net Income Available To Common Unitholders [Line Items]

Schedule of Net Income Available to Common Stockholders

The following table reconciles the numerator and denominator in computing the Operating Partnership’s basic and diluted per-unit computations for net income available to common unitholders:


	Three Months Ended March 31,
	2026		2025
	(in thousands, except unit and per unit amounts)
Numerator:
Net (loss) income available to common unitholders	$	(19,452)	$	39,383

Allocation to participating securities (1)	53		(212)
Numerator for basic and diluted net (loss) income available to common unitholders	$	(19,399)	$	39,171
Denominator:
Basic weighted average vested units outstanding	118,770,079		119,345,162
Effect of dilutive securities	—		469,842
Diluted weighted average vested units and common unit equivalents outstanding	118,770,079		119,815,004
Basic earnings per unit:
Net (loss) income available to common unitholders per unit	$	(0.16)	$	0.33
Diluted earnings per unit:
Net (loss) income available to common unitholders per unit	$	(0.16)	$	0.33

________________________

(1)Participating securities include certain vested time-based RSUs and performance-based RSUs.